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Unlike some other reproductions of classic texts (1) We have not
used OCR(Optical Character Recognition), as this leads to bad
quality books with introduced typos. (2) In books where there are
images such as portraits, maps, sketches etc We have endeavoured to
keep the quality of these images, so they represent accurately the
original artefact. Although occasionally there may be certain
imperfections with these old texts, we feel they deserve to be made
available for future generations to enjoy.
New Generation Whole-Life Costing presents an innovative approach
to decision-making and risk management for construction and real
estate. It applies the options-based approach that has
revolutionized the management of uncertainty in the business world.
Based on government-sponsored research at Cambridge Architectural
Research Ltd., the book introduces the idea of 'lifecycle options'.
The desirability of whole-life costing is widely accepted, but
take-up levels have been low. One problem is that traditional
techniques fail to take account of future uncertainty. In contrast,
the new options-based approach considers a diversity of possible
futures, and favours flexible strategies that incorporate lifecycle
options. This approach leads to more cost-effective and sustainable
decisions, minimizing the risk of under- or over-investment. This
book is structured around realistic case studies that demonstrate
the prevalence of lifecycle options. These case studies are backed
up by clear presentation of basic principles and mathematical
techniques allowing the book to be read either as a stimulating
introduction to new concepts, or as a guide to mathematical
methods.
This is a new release of the original 1935 edition.
This is a new release of the original 1936 edition.
This is a reproduction of a book published before 1923. This book
may have occasional imperfections such as missing or blurred pages,
poor pictures, errant marks, etc. that were either part of the
original artifact, or were introduced by the scanning process. We
believe this work is culturally important, and despite the
imperfections, have elected to bring it back into print as part of
our continuing commitment to the preservation of printed works
worldwide. We appreciate your understanding of the imperfections in
the preservation process, and hope you enjoy this valuable book.
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